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Global Ammonium Metavanadate Market size was valued at US$ 61.25 Mn in 2020 and the total revenue is expected to grow at 6.5% through 2021 to 2027, reaching nearly US$ 95.18 Mn in the forecast period.
Ammonium Metavanadate Market Overview:
The competitive landscape of the Ammonium Metavanadate market contains information on rivals. The company's location, internal business procedures, financial data, earnings, market potential, RD expenditure, market entrance initiatives, product introduction, and application dominance are additional factors to be taken into account in addition to the firm's strengths and weaknesses. Only businesses that provide services to businesses in the metallic pigments industry are included in the numbers shown above.
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Market Scope:
To validate and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Segmentation:
By Form, the segment is bifurcated into powder and granule. The powder segment is dominating the ammonium metavanadate industry due to the wide application of powder forms like more durability, and suitability of the compound in the environment, and the low maintenance cost of the powder form.
By Purity, the segment is bifurcated 98%-99% and Minimum 99%. The segment 98%-99% is dominating the market. As the purity grade helps to produce vanadium pentoxide of high purity as compared to the basic manufacturing process. High vanadium pentoxide offers excellent charging and discharging of redox flow batteries. Also improves performance and capacity by 10% in electric batteries.
High awareness in consumers of the use of vanadium batteries to provide a steady flow of current and stable power backup has induced the demand for electric vehicles that have vanadium flow batteries. The global electric vehicle market has accounted for huge growth in the 98%-99% purity Ammonium Metavanadate market.
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Key Players: Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources.
The following are the key players of the Ammonium Metavanadate market-
• Bushveld Vanchem Ltd.
• Ferro-Alloy Resources Limited
• Largo Resources Ltd
• Taiyo Koko Co., Ltd.
• U.S. Vanadium LLC
• American Elements
• Merck KGaA
• Thermo Fisher Scientific
• Santa Cruz Biotechnology
• Yogi Dye Chem Industries
• ACS Chemicals
• Avanschem
• Motiv Metals
• GfE Gesellschaft für Elektrometallurgie
• Sisco Research Laboratories
• Strem Chemicals.
Regional Analysis:
Individual market influencing elements and changes in market rules that impact present and future market trends are also included in the geographical factor of the research. Only a few of the indicators utilized to anticipate market scenarios for distinct nations include downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies.
COVID-19 Impact Analysis Ammonium Metavanadate Market: The study also looks at the influence of COVID-19 on the Ammonium Metavanadate market. The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, notable trends, and challenges that the industry is experiencing across major regions. The report presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Ammonium Metavanadate Market. The particular research focuses on market share and size, demonstrating clearly the impact that the epidemic has had and will have on the global Ammonium Metavanadate Market in the next years.
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Key Questions Answered in the Ammonium Metavanadate Market Report are:
- What will be the CAGR of the Ammonium Metavanadate market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Ammonium Metavanadate market?
- Which are the prominent players in the Ammonium Metavanadate market?
- What key trends are likely to emerge in the Ammonium Metavanadate market in the forecast period?
- What will be the Ammonium Metavanadate market size by 2027?
- Which company held the largest share in the Ammonium Metavanadate market in 2020?
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